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Farmer sentiment drifts lower on weaker future expectations
The US planting schedule is beginning to affect crop prices
The key date for the market to focus on is how much corn is planted on the ground as of May 15, particularly in the eight states where most of the crop is produced
The March frenzy in the US grain market will begin on March 28
For the grain market, every year the season begins at the end of the month. At that time, the US Department of Agriculture reports planting intentions and quarterly grain inventory reports
American agricultural products are becoming less popular in Asia, and the Panama Canal congestion is the biggest culprit
① Agricultural products exported by the US via the Gulf of Mexico face delivery problems due to congestion in the Panama Canal, which greatly weakens demand for them in the Asian market; ② Many traders choose to divert transportation through the Suez Canal or export from the west coast of the US, but these measures have agreed to increase grain costs and reduce the appeal of US agricultural products.
Tru Shrimp Withdraws IPO, Cites Market Conditions
Aquaculture group tru Shrimp postpones $15M IPO, cites adverse market conditions
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